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Retailers At Risk As Inventory Ratios Dip—Apollo Economist Warns Of Faster Stockouts Without Chinese Goods
Monday, May 12, 2025 - 4:55am | 760Economists have been predicting that retailers in the U.S. are likely to face pressure in the case of higher tariffs on China, as it is likely to “empty shelves” with a falling inventory-to-sales ratio. What Happened: According to Torsten Slok, the chief economist at Apollo Academy, the...
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'No' — Trump Shuts Down Tariff Rollback Buzz Ahead of China Talks
Wednesday, May 7, 2025 - 8:37pm | 546President Donald Trump stated, on Wednesday, that he has no intention of easing the 145% tariff on Chinese imports. What Happened: During an Oval Office press session, he was asked about the possibility of reducing tariffs, to which he replied, "No,” reported The Hill. In April, the Trump...
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Scott Bessent To Meet Chinese Officials For Crucial Trade Talks In Switzerland: Trump Administration
Tuesday, May 6, 2025 - 9:38pm | 530On Tuesday, the Donald Trump administration announced that Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer will meet with senior Chinese officials this weekend in Geneva, Switzerland. What Happened: The gathering marks the first major face-to-face discussions...
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Meet the Key Five People Who Are Shaping Trump's Economic Agenda
Sunday, April 20, 2025 - 3:01pm | 432In the midst of a broad tariff agenda that has caused turmoil in financial markets, President Donald Trump is relying on a diverse group of economic advisers to guide his policies. What Happened: The team comprises of Treasury Secretary Scott Bessent, Senior Trade Adviser Peter Navarro,...
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Trump Names China Hawk Jamieson Greer As Pick For Trade Representative
Wednesday, November 27, 2024 - 1:14pm | 479On Tuesday, President-elect Donald Trump named lawyer Jamieson Greer as his pick for United States Trade Representative, the top U.S. trade position. What does the choice mean for a second Trump administration? The Pick: Greer is a partner at corporate law firm King & Spalding in the...